THE CONDO BOOK PROJECT

387 Decatur Street Condominium

387 Decatur Street, Brooklyn, NY 11233

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Overview

Units
4 residential
Subway
6 min walk to Utica Av A CRalph Av C, 10 min
Developer
BNH Construction NY Inc.
Average $/sf
$1,173Homes in Schedule A, as first offered
Common charges
$336–$805 a monthSponsor's first-year estimate in Schedule A, July 1, 2025 To June 30, 2026
Offering price
$3.95 million total

The sponsor of record is Hello Decatur LLC, represented by Eial Girtz, PC. The offering plan runs 297 pages. The nearest other condo plan on file is 241 Bainbridge Street Condominium, next door.

Plan CD240160 · New · accepted Nov 1, 2024 · AG record ↗

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FigureThis building1226 Putnam25 units · 1.3 miaccepted 2024Katan Court37 units · 0.3 miaccepted 2024
Common ChargesPer Square Foot / Month$0.54In line$0.72$0.49
Average Offering PricePer Apartment$987,500Above peers$920,000$778,571
Average PricePer Square Foot$1,173In line$1,217$1,120
Property TaxesPer Square Foot / Month$0.42Lowest$0.78$0.58
Average Unit SizeSquare Feet842 SFLarger756 SF695 SF

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Unit mix, closings, budgets, finishes and the team, against 226 Putnam and Katan Court, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed100% of the homes in Schedule A4 of 4
Closing prices vs. Schedule A4 homes: $4,014,381 at closing against $3,950,000 in Schedule A (p. 38)+1.6%
Average closing price4 homes, on their Schedule A square feet$1,193 / SF
Closingsfirst and latest recordedMay 8, 2025 – Feb 18, 2026

Sales recorded with the Department of Finance (ACRIS) through Mar 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 4 closings
HomeRecordedClosing priceSchedule ADifference
2May 8, 2025$960,000$950,000 p. 38+1.1%
3Jun 17, 2025$920,000$925,000 p. 38−0.5%
4Jun 18, 2025$941,881$925,000 p. 38+1.8%
1Feb 18, 2026$1,192,500$1,150,000 p. 38+3.7%

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Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Hello Decatur LLC
Developer
BNH Construction NY Inc.
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection

From our research: Do NYC Developers Rehire the Same Firms?

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